AICPA Council Meeting…On Regulatory Challenges

Lou Grabowsky, COO, Grant Thornton LLP, says, “Quality begins at the top.” It’s at the foundation of how we try to executive our strategy. A number of ways we are driving quality is by continuously improving methodologies, improving data mining to determine root causes of problems, and measuring performance to reward quality.

Joe Adams, MP and CEO of McGladrey, said tone at the top is clearly critical but investment in people is important as well to teach professional judgment.

John Veihmeyer, CEO KPMG, says he has a simple litmus test when it comes to regulatory changes: “Will it help? Or make it more difficult to retain and attract the best people into this profession?”